AT&T Going After Verizon Wireless Assets
As part of its acquisition of Alltel Wireless, Verizon Wireless must divest $3 billion worth of spectrum and other assets, including coverage of some 2.1 million subscribers spread across 22 different states. The assets are up to Verizon to sell, but AT&T has made its interest in acquiring those assets clear. The Rural Cellular Association and the Organization for the Promotion and Advancement of Small Telecommunications Companies voiced their concerns, as did the public interest group Public Knowledge. They feel the transfer of assets from the largest wireless network operator to the second largest network operator may not be in the best interest of consumers. The Department of Justice must approve the divestitures, and will examine each market individually to make sure that competition is preserved.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
Wireless Companies Form Alliance to Pressure FCC
A handful of wireless companies and public policy groups have formed an alliance meant to pressure the FCC as it drafts rules for the upcoming 600MHz reverse spectrum auction. The alliance is called SaveWirelessChoice.com.
FCC Greenlights AT&T Spectrum Deal
The FCC has approved AT&T's request to purchase two Cellular A Block licenses and microwave point-to-point spectrum from Cellular Properties Inc. The spectrum covers 11 counties and parts of two Cellular Market Areas in Illinois.
Yahoo Looking to Sell Up to $3B In Non-Core Assets
Yahoo hopes to sell between $1 billion and $3 billion of patents, property, and other assets, according to CFO Ken Goldman. The company is already exploring its strategic alternatives and believes a quick asset sale can shore up its finances.
Verizon and T-Mobile Agree to $173M Spectrum Swap
Verizon Wireless and T-Mobile have agreed to exchange AWS-1 and PCS spectrum in dozens of markets around the country in a deal valued at $173 million. The spectrum in question covers portions of Arkansas, California, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Montana, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, and Virginia.
I don't understand how this works. . .
A little help please.
the government regulates how many lanes of the toll road each carrier has access to. the more spectrum a single carrier has the more lanes they can have customers on and the easier traff...